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1040ez Income Tax Form

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1040ez Income Tax Form

1040ez income tax form Index A Adjusted basis defined, Adjusted basis defined. 1040ez income tax form Administrative or management activities, Administrative or management activities. 1040ez income tax form Assistance (see Tax help) Attorneys, Place To Meet Patients, Clients, or Customers B Business expenses not for use of home, Business expenses not for use of your home. 1040ez income tax form Business furniture and equipment, Business Furniture and Equipment Business percentage, Business Percentage Business use of the home requirements (see Qualifying for a deduction) C Carryover of expenses, Carryover of unallowed expenses. 1040ez income tax form Casualty losses, Casualty losses. 1040ez income tax form Child and Adult Care Food Program reimbursements, Meals. 1040ez income tax form Computer Listed property, Listed Property D Daycare facilities, Daycare Facility, Standard meal and snack rates. 1040ez income tax form (see also Family daycare providers) Eligible children for standard meal and snack rates, Standard meal and snack rates. 1040ez income tax form Exceptions for regular use requirement, Daycare Facility Family daycare, Standard meal and snack rates. 1040ez income tax form Family daycare provider, Standard meal and snack rates. 1040ez income tax form Meals, Meals. 1040ez income tax form , Standard meal and snack rates. 1040ez income tax form Regular use, Daycare Facility Standard meal and snack rates, Meals. 1040ez income tax form , Standard meal and snack rates. 1040ez income tax form Deduction limit, Deduction Limit Deduction requirements Employee use, Additional tests for employee use. 1040ez income tax form Exceptions to exclusive use, Exceptions to Exclusive Use Exclusive use, Exclusive Use More than one trade or business, More Than One Trade or Business Place to meet clients, Place To Meet Patients, Clients, or Customers Principal place of business, Principal Place of Business Regular use, Regular Use Separate structure, Separate Structure Storage of inventory or product samples, Storage of inventory or product samples. 1040ez income tax form Trade or business use, Trade or Business Use Deductions Figuring, Figuring the Deduction, Part 2—Figure Your Allowable Deduction Limit, Deduction Limit Part-year use, Part-year use. 1040ez income tax form Qualifying for, Qualifying for a Deduction, Separate Structure Rental to employer, Rental to employer. 1040ez income tax form Unreimbursed partnership expenses, Deducting unreimbursed partnership expenses. 1040ez income tax form Using Actual Expenses, Using Actual Expenses Dentists, Place To Meet Patients, Clients, or Customers Depreciation, Property Bought for Business Use 5-year property, Depreciation 7-year property, Depreciation Adjusted basis, Adjusted basis defined. 1040ez income tax form Fair market value, Fair market value defined. 1040ez income tax form Figuring depreciation for the current year, Figuring the depreciation deduction for the current year. 1040ez income tax form Furniture and equipment, Business Furniture and Equipment, Depreciation Home, Depreciating Your Home Nonresidential real property, Figuring the depreciation deduction for the current year. 1040ez income tax form Percentage table for 39-year nonresidential real property, Depreciation table. 1040ez income tax form Permanent improvements, Permanent improvements. 1040ez income tax form , Depreciating permanent improvements. 1040ez income tax form Depreciation of home, Depreciating Your Home Basis adjustment, Basis Adjustment MACRS (Table 2), Depreciation table. 1040ez income tax form Property bought for business use, Depreciation Sale or exchange of home, Depreciation Doctors, Place To Meet Patients, Clients, or Customers E Employee use of home, Additional tests for employee use. 1040ez income tax form Employees Adequately accounting to employer, Adequately accounting to employer. 1040ez income tax form Casualty losses, Casualty losses. 1040ez income tax form Mortgage interest, Deductible mortgage interest. 1040ez income tax form Other expenses, Other expenses. 1040ez income tax form Real estate taxes, Real estate taxes. 1040ez income tax form Exclusive use, Exclusive Use Expenses Casualty losses, Casualty losses. 1040ez income tax form Direct, Actual Expenses Indirect, Actual Expenses Insurance, Insurance. 1040ez income tax form Mortgage interest, Deductible mortgage interest. 1040ez income tax form , Qualified mortgage insurance premiums. 1040ez income tax form Real estate taxes, Real estate taxes. 1040ez income tax form Related to tax-exempt income, Expenses related to tax-exempt income. 1040ez income tax form Rent, Rent. 1040ez income tax form Repairs, Repairs. 1040ez income tax form Security system, Security system. 1040ez income tax form Telephone, Telephone. 1040ez income tax form Types of, Actual Expenses Unrelated, Actual Expenses Utilities and services, Utilities and services. 1040ez income tax form Where to deduct, Where To Deduct F Fair market value, Fair market value defined. 1040ez income tax form Family daycare providers Meal and snack log (Exhibit A), Standard meal and snack rates. 1040ez income tax form Standard meal and snack rates, Standard meal and snack rates. 1040ez income tax form Standard meal and snack rates (Table 3), Standard meal and snack rates. 1040ez income tax form Figuring the deduction Business percentage, Business Percentage Deduction limit, Deduction Limit Form, Useful Items - You may want to see:, Self-Employed Persons, Real estate taxes. 1040ez income tax form 1040, Schedule F, Casualty losses. 1040ez income tax form 2106, Employees 4562, Reporting and recordkeeping requirements. 1040ez income tax form 4684, Casualty losses. 1040ez income tax form 8829, Actual Expenses, Casualty losses. 1040ez income tax form , Business Percentage, Daycare Facility W-2 Reimbursed expenses, Employees Free tax services, Free help with your tax return. 1040ez income tax form Furniture and equipment, Business Furniture and Equipment H Help (see Tax help) Home Business percentage, Business Percentage Depreciation, Depreciating Your Home Sale of, Sale or Exchange of Your Home Home expenses, Can you deduct business use of, Figure A, , Principal Place of Business I Improvements (see Permanent improvements) Insurance, Insurance. 1040ez income tax form Inventory, storage of, Storage of inventory or product samples. 1040ez income tax form L Listed property Computers, Listed Property Defined, Listed Property Employee requirements, Employee. 1040ez income tax form Reporting and recordkeeping requirements, Reporting and recordkeeping requirements. 1040ez income tax form Years following the year placed in service, Years following the year placed in service. 1040ez income tax form M MACRS percentage table 39-year nonresidential real property, Depreciation table. 1040ez income tax form Meals, Meals. 1040ez income tax form Meeting with patients, clients, or customers on premises, Place To Meet Patients, Clients, or Customers More than one place of business, More than one place of business. 1040ez income tax form More than one trade or business, More Than One Trade or Business More-than-50%-use test, More-than-50%-use test. 1040ez income tax form Mortgage interest, Deductible mortgage interest. 1040ez income tax form , Qualified mortgage insurance premiums. 1040ez income tax form P Partners, Partners Partnership expenses, unreimbursed, Deducting unreimbursed partnership expenses. 1040ez income tax form Permanent improvements, Permanent improvements. 1040ez income tax form , Depreciating permanent improvements. 1040ez income tax form Personal property converted to business use, Personal Property Converted to Business Use Place of business, more than one, More than one place of business. 1040ez income tax form Principal place of business, Principal Place of Business Product samples, Storage of inventory or product samples. 1040ez income tax form Property bought for business use Depreciation, Depreciation Section 179 deduction, Property Bought for Business Use, Section 179 Deduction Property converted to business use, Personal, Personal Property Converted to Business Use Publications, Useful Items - You may want to see: (see Tax help) Q Qualifying for a deduction, Qualifying for a Deduction R Real estate taxes, Real estate taxes. 1040ez income tax form Recordkeeping, Recordkeeping Recordkeeping requirements Business furniture and equipment, Reporting and recordkeeping requirements. 1040ez income tax form Family daycare provider meal and snack log (Exhibit A), Standard meal and snack rates. 1040ez income tax form Regular use, Regular Use Reminders, Reminders Rent, Rent. 1040ez income tax form Repairs, Repairs. 1040ez income tax form Reporting requirements Business furniture and equipment, Reporting and recordkeeping requirements. 1040ez income tax form S Sale or exchange of your home, Sale or Exchange of Your Home Basis adjustment, Basis Adjustment Depreciation taken, Depreciation Ownership and use tests, Ownership and use tests. 1040ez income tax form Section 179, Section 179 Deduction Furniture and equipment, Business Furniture and Equipment, Listed Property Listed property, Business Furniture and Equipment, Listed Property Personal property converted to business use, Personal Property Converted to Business Use Property bought for business use, Property Bought for Business Use Security system, Security system. 1040ez income tax form Self-employed persons Deduction of expenses, Self-Employed Persons Separate structure, Separate Structure Simplified Method Actual expenses and depreciation of your home, Actual expenses and depreciation of your home. 1040ez income tax form Allowable area, Allowable area. 1040ez income tax form Business expenses not related to use of the home, Business expenses not related to use of the home. 1040ez income tax form Electing the simplified method, Electing the Simplified Method More than one home, More than one home. 1040ez income tax form More than one qualified business use, More than one qualified business use. 1040ez income tax form Shared use, Shared use. 1040ez income tax form Expenses deductible without regard to business use, Expenses deductible without regard to business use. 1040ez income tax form No carryover of unallowed expenses, No deduction of carryover of actual expenses. 1040ez income tax form Simplified amount, Simplified Amount Space used regularly for daycare, Space used regularly for daycare. 1040ez income tax form Using the simplified method, Using the Simplified Method Standard meal and snack rates, Standard meal and snack rates. 1040ez income tax form Storage of inventory, Storage of inventory or product samples. 1040ez income tax form T Tables and figures MACRS Depreciation of home (Table 2), Depreciation table. 1040ez income tax form Qualifying for deduction (Figure A), Standard meal and snack rates (Table 3), Table 3. 1040ez income tax form Standard Meal and Snack Rates1 Types of expenses (Table 1), Actual Expenses Tax help, How To Get Tax Help Telephone, Telephone. 1040ez income tax form Trade or business use, Trade or Business Use TTY/TDD information, How To Get Tax Help Types of expenses, Actual Expenses U Utilities, Utilities and services. 1040ez income tax form W Where to deduct expenses, Where To Deduct Employees, Employees Self-employed, Self-Employed Persons Worksheets Area Adjustment Worksheet (for simplified method), Area Adjustment Worksheet (for simplified method) Worksheets to figure the deduction for business use of your home (simplified method), Worksheets To Figure the Deduction for Business Use of Your Home (Simplified Method) Daycare facility worksheet (for simplified method), Daycare Facility Worksheet (for simplified method) Simplified method worksheet, Simplified Method Worksheet Prev  Up     Home   More Online Publications
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The 1040ez Income Tax Form

1040ez income tax form 1. 1040ez income tax form   Scholarships, Fellowships, Grants, and Tuition Reductions Table of Contents Reminder Introduction Scholarships and FellowshipsTax-Free Scholarships and Fellowships Taxable Scholarships and Fellowships Reporting Scholarships and Fellowships Other Types of Educational AssistanceFulbright Grants Pell Grants and Other Title IV Need-Based Education Grants Payment to Service Academy Cadets Veterans' Benefits Qualified Tuition Reduction Reminder Individual retirement arrangements (IRAs). 1040ez income tax form  You can set up and make contributions to an IRA if you receive taxable compensation. 1040ez income tax form Under this rule, a taxable scholarship or fellowship is compensation only if it is shown in box 1 of your Form W-2, Wage and Tax Statement. 1040ez income tax form For more information about IRAs, see Publication 590. 1040ez income tax form Introduction This chapter discusses the income tax treatment of various types of educational assistance you may receive if you are studying, teaching, or researching in the United States. 1040ez income tax form The educational assistance can be for a primary or secondary school, a college or university, or a vocational school. 1040ez income tax form Included are discussions of: Scholarships, Fellowships, Need-based education grants, such as a Pell Grant, and Qualified tuition reductions. 1040ez income tax form Many types of educational assistance are tax free if they meet the requirements discussed here. 1040ez income tax form Special rules apply to U. 1040ez income tax form S. 1040ez income tax form citizens and resident aliens who have received scholarships or fellowships for studying, teaching, or researching abroad. 1040ez income tax form For information about these rules, see Publication 54, Tax Guide for U. 1040ez income tax form S. 1040ez income tax form Citizens and Resident Aliens Abroad. 1040ez income tax form Scholarships and Fellowships A scholarship is generally an amount paid or allowed to, or for the benefit of, a student (whether an undergraduate or a graduate) at an educational institution to aid in the pursuit of his or her studies. 1040ez income tax form A fellowship is generally an amount paid for the benefit of an individual to aid in the pursuit of study or research. 1040ez income tax form Amount of scholarship or fellowship. 1040ez income tax form   The amount of a scholarship or fellowship includes the following: The value of contributed services and accommodations. 1040ez income tax form This includes such services and accommodations as room (lodging), board (meals), laundry service, and similar services or accommodations that are received by an individual as a part of a scholarship or fellowship. 1040ez income tax form The amount of tuition, matriculation, and other fees that are paid or remitted to the student to aid the student in pursuing study or research. 1040ez income tax form Any amount received in the nature of a family allowance as a part of a scholarship or fellowship. 1040ez income tax form Tax-Free Scholarships and Fellowships A scholarship or fellowship is tax free (excludable from gross income) only if you are a candidate for a degree at an eligible educational institution. 1040ez income tax form A scholarship or fellowship is tax free only to the extent: It does not exceed your expenses; It is not designated or earmarked for other purposes (such as room and board), and does not require (by its terms) that it cannot be used for qualified education expenses; and It does not represent payment for teaching, research, or other services required as a condition for receiving the scholarship. 1040ez income tax form (But for exceptions, see Payment for services,later. 1040ez income tax form Use Worksheet 1–1 to figure the amount of a scholarship or fellowship you can exclude from gross income. 1040ez income tax form Candidate for a degree. 1040ez income tax form   You are a candidate for a degree if you: Attend a primary or secondary school or are pursuing a degree at a college or university, or Attend an educational institution that: Provides a program that is acceptable for full credit toward a bachelor's or higher degree, or offers a program of training to prepare students for gainful employment in a recognized occupation; and Is authorized under federal or state law to provide such a program and is accredited by a nationally recognized accreditation agency. 1040ez income tax form Eligible educational institution. 1040ez income tax form   An eligible educational institution is one whose primary function is the presentation of formal instruction and that normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of students in attendance at the place where it carries on its educational activities. 1040ez income tax form Qualified education expenses. 1040ez income tax form   For purposes of tax-free scholarships and fellowships, these are expenses for: Tuition and fees required to enroll at or attend an eligible educational institution, and Course-related expenses, such as fees, books, supplies, and equipment that are required for the courses at the eligible educational institution. 1040ez income tax form These items must be required of all students in your course of instruction. 1040ez income tax form Expenses that do not qualify. 1040ez income tax form   Qualified education expenses do not include the cost of: Room and board, Travel, Research, Clerical help, or Equipment and other expenses that are not required for enrollment in or attendance at an eligible educational institution. 1040ez income tax form Payment for services. 1040ez income tax form   Generally, you cannot exclude from your gross income the part of any scholarship or fellowship that represents payment for teaching, research, or other services required as a condition for receiving the scholarship. 1040ez income tax form This applies even if all candidates for a degree must perform the services to receive the degree. 1040ez income tax form (See exceptions next. 1040ez income tax form ) Exceptions. 1040ez income tax form   You do not have to treat as payment for services the part of any scholarship or fellowship that represents payment for teaching, research, or other services if you receive the amount under: The National Health Service Corps Scholarship Program, or The Armed Forces Health Professions Scholarship and Financial Assistance Program. 1040ez income tax form Example 1. 1040ez income tax form You received a scholarship of $2,500. 1040ez income tax form The scholarship was not received under either of the exceptions mentioned above. 1040ez income tax form As a condition for receiving the scholarship, you must serve as a part-time teaching assistant. 1040ez income tax form Of the $2,500 scholarship, $1,000 represents payment for teaching. 1040ez income tax form The provider of your scholarship gives you a Form W-2 showing $1,000 as income. 1040ez income tax form Your qualified education expenses were at least $1,500. 1040ez income tax form Assuming that all other conditions are met, $1,500 of your scholarship is tax free. 1040ez income tax form The $1,000 you received for teaching is taxable. 1040ez income tax form Example 2. 1040ez income tax form You are a candidate for a degree at a medical school. 1040ez income tax form You receive a scholarship (not under either of the exceptions mentioned above) for your medical education and training. 1040ez income tax form The terms of your scholarship require you to perform future services. 1040ez income tax form A substantial penalty applies if you do not comply. 1040ez income tax form The entire amount of your grant is taxable as payment for services in the year it is received. 1040ez income tax form Athletic Scholarships An athletic scholarship is tax free only if and to the extent it meets the requirements discussed later. 1040ez income tax form Worksheet 1-1. 1040ez income tax form    You can use Worksheet 1-1, Taxable Scholarship and Fellowship Income , later, to figure the tax-free and taxable parts of your athletic scholarship. 1040ez income tax form    Worksheet 1-1. 1040ez income tax form Taxable Scholarship and Fellowship Income 1. 1040ez income tax form Enter the total amount of any scholarship or fellowship for 2013. 1040ez income tax form See Amount of scholarship or fellowship, earlier. 1040ez income tax form 1. 1040ez income tax form       If you are a degree candidate at an eligible educational institution, go to line 2. 1040ez income tax form If you are not a degree candidate at an eligible educational institution, stop here. 1040ez income tax form The entire amount is taxable. 1040ez income tax form For information on how to report this amount on your tax return, see Reporting Scholarships and Fellowships , earlier, in this chapter. 1040ez income tax form       2. 1040ez income tax form Enter the amount from line 1 that was for teaching, research, or any other services required as a condition for receiving the scholarship. 1040ez income tax form (Do not include amounts received for these items under the National Health Service Corps Scholarship Program or the Armed Forces Health Professions Scholarship and Financial Assistance Program. 1040ez income tax form ) 2. 1040ez income tax form     3. 1040ez income tax form Subtract line 2 from line 1 3. 1040ez income tax form     4. 1040ez income tax form Enter the amount from line 3 that your scholarship or fellowship required you to use for other than qualified education expenses 4. 1040ez income tax form     5. 1040ez income tax form Subtract line 4 from line 3 5. 1040ez income tax form     6. 1040ez income tax form Enter the amount of your qualified education expenses 6. 1040ez income tax form     7. 1040ez income tax form Enter the smaller of line 5 or line 6. 1040ez income tax form This amount is the most you can exclude from your gross income (the tax-free part of the scholarship or fellowship) 7. 1040ez income tax form     8. 1040ez income tax form Subtract line 7 from line 5 8. 1040ez income tax form     9. 1040ez income tax form Taxable part. 1040ez income tax form Add lines 2, 4, and 8. 1040ez income tax form See Reporting Scholarships and Fellowships , earlier, for how to report this amount on your tax return 9. 1040ez income tax form     Taxable Scholarships and Fellowships If and to the extent your scholarship or fellowship does not meet the requirements described earlier, it is taxable and must be included in gross income. 1040ez income tax form You can use Worksheet 1–1, Taxable Scholarship and Fellowship Income, later, to figure the tax-free and taxable parts of your scholarship or fellowship. 1040ez income tax form Reporting Scholarships and Fellowships Whether you must report your scholarship or fellowship depends on whether you must file a return and whether any part of your scholarship or fellowship is taxable. 1040ez income tax form If your only income is a completely tax-free scholarship or fellowship, you do not have to file a tax return and no reporting is necessary. 1040ez income tax form If all or part of your scholarship or fellowship is taxable and you are required to file a tax return, report the taxable amount as explained below. 1040ez income tax form You must report the taxable amount whether or not you received a Form W-2. 1040ez income tax form If you receive an incorrect Form W-2, ask the payer for a corrected one. 1040ez income tax form For information on whether you must file a return, see Publication 501, Exemptions, Standard Deduction, and Filing Information, or your income tax form instructions. 1040ez income tax form How To Report How you report any taxable scholarship or fellowship income depends on which return you file. 1040ez income tax form Form 1040EZ. 1040ez income tax form   If you file Form 1040EZ, include the taxable amount in the total on line 1. 1040ez income tax form If the taxable amount was not reported on Form W-2, also enter “SCH” and the taxable amount in the space to the left of line 1. 1040ez income tax form Form 1040A. 1040ez income tax form   If you file Form 1040A, include the taxable amount in the total on line 7. 1040ez income tax form If the taxable amount was not reported on Form W-2, also enter “SCH” and the taxable amount in the space to the left of line 7. 1040ez income tax form Form 1040. 1040ez income tax form   If you file Form 1040, include the taxable amount in the total on line 7. 1040ez income tax form If the taxable amount was not reported on Form W-2, also enter “SCH” and the taxable amount on the dotted line next to line 7. 1040ez income tax form Schedule SE (Form 1040). 1040ez income tax form   To determine your net earnings from self-employment, include amounts you receive under a scholarship as pay for your services that are reported to you on Form 1099-MISC, Miscellaneous Income. 1040ez income tax form If your net earnings are $400 or more, you must pay self-employment tax. 1040ez income tax form Use Schedule SE, Self-Employment Tax, to figure this tax. 1040ez income tax form Form 1040NR. 1040ez income tax form   If you file Form 1040NR, report the taxable amount on line 12. 1040ez income tax form Generally, you must report the amount shown in box 2 of Form(s) 1042-S, Foreign Person's U. 1040ez income tax form S. 1040ez income tax form Source Income Subject to Withholding. 1040ez income tax form See the Instructions for Form 1040NR for more information. 1040ez income tax form Form 1040NR-EZ. 1040ez income tax form   If you file Form 1040NR-EZ, report the taxable amount on line 5. 1040ez income tax form Generally, you must report the amount shown in box 2 of Form(s) 1042-S. 1040ez income tax form See the Instructions for Form 1040NR-EZ for more information. 1040ez income tax form Other Types of Educational Assistance The following discussions deal with other common types of educational assistance. 1040ez income tax form Fulbright Grants A Fulbright grant is generally treated as a scholarship or fellowship in figuring how much of the grant is tax free. 1040ez income tax form Pell Grants and Other Title IV Need-Based Education Grants These need-based grants are treated as scholarships for purposes of determining their tax treatment. 1040ez income tax form They are tax free to the extent used for qualified education expenses during the period for which a grant is awarded. 1040ez income tax form Payment to Service Academy Cadets An appointment to a United States military academy is not a scholarship or fellowship. 1040ez income tax form Payment you receive as a cadet or midshipman at an armed services academy is pay for personal services and will be reported to you in box 1 of Form W-2. 1040ez income tax form Include this pay in your income in the year you receive it unless one of the exceptions, discussed earlier under Payment for services , applies. 1040ez income tax form Veterans' Benefits Payments you receive for education, training, or subsistence under any law administered by the Department of Veterans Affairs (VA) are tax free. 1040ez income tax form Do not include these payments as income on your federal tax return. 1040ez income tax form If you qualify for one or more of the education benefits discussed in chapters 2 through 12, you may have to reduce the amount of education expenses qualifying for a specific benefit by part or all of your VA payments. 1040ez income tax form This applies only to the part of your VA payments that is required to be used for education expenses. 1040ez income tax form You may want to visit the Veteran's Administration website at www. 1040ez income tax form gibill. 1040ez income tax form va. 1040ez income tax form gov for specific information about the various VA benefits for education. 1040ez income tax form Example. 1040ez income tax form You have returned to college and are receiving two education benefits under the latest GI Bill: (1) a $1,534 monthly basic housing allowance (BHA) that is directly deposited to your checking account, and (2) $3,840 paid directly to your college for tuition. 1040ez income tax form Neither of these benefits is taxable and you do not report them on your tax return. 1040ez income tax form You also want to claim an American opportunity credit on your return. 1040ez income tax form You paid $5,000 in qualified education expenses (see chapter 2, American Opportunity Credit , later). 1040ez income tax form To figure the amount of credit, you must first subtract the $3,840 from your qualified education expenses because this payment under the GI Bill was required to be used for education expenses. 1040ez income tax form You do not subtract any amount of the BHA because it was paid to you and its use was not restricted. 1040ez income tax form Qualified Tuition Reduction If you are allowed to study tuition free or for a reduced rate of tuition, you may not have to pay tax on this benefit. 1040ez income tax form This is called a “tuition reduction. 1040ez income tax form ” You do not have to include a qualified tuition reduction in your income. 1040ez income tax form A tuition reduction is qualified only if you receive it from, and use it at, an eligible educational institution. 1040ez income tax form You do not have to use the tuition reduction at the eligible educational institution from which you received it. 1040ez income tax form In other words, if you work for an eligible educational institution and the institution arranges for you to take courses at another eligible educational institution without paying any tuition, you may not have to include the value of the free courses in your income. 1040ez income tax form The rules for determining if a tuition reduction is qualified, and therefore tax free, are different if the education provided is below the graduate level or is graduate education. 1040ez income tax form You must include in your income any tuition reduction you receive that is payment for your services. 1040ez income tax form Eligible educational institution. 1040ez income tax form   An eligible educational institution is one that maintains a regular faculty and curriculum and normally has a regularly enrolled body of students in attendance at the place where it carries on its educational activities. 1040ez income tax form Officers, owners, and highly compensated employees. 1040ez income tax form   Qualified tuition reductions apply to officers, owners, or highly compensated employees only if benefits are available to employees on a nondiscriminatory basis. 1040ez income tax form This means that the tuition reduction benefits must be available on substantially the same basis to each member of a group of employees. 1040ez income tax form The group must be defined under a reasonable classification set up by the employer. 1040ez income tax form The classification must not discriminate in favor of owners, officers, or highly compensated employees. 1040ez income tax form Payment for services. 1040ez income tax form   Generally, you must include in income the part of any qualified tuition reduction that represents payment for teaching, research, or other services by the student required as a condition of receiving the qualified tuition reduction. 1040ez income tax form This applies even if all candidates for a degree must perform the services to receive the degree. 1040ez income tax form (See below for exceptions. 1040ez income tax form ) Exceptions. 1040ez income tax form   You do not have to include in income the part of any scholarship or fellowship that represents payment for teaching, research, or other services if you receive the amount under: The National Health Service Corps Scholarship Program, or The Armed Forces Health Professions Scholarship and Financial Assistance Program. 1040ez income tax form Education Below the Graduate Level If you receive a tuition reduction for education below the graduate level (including primary, secondary, or high school), it is a qualified tuition reduction, and therefore tax free, only if your relationship to the educational institution providing the benefit is described below. 1040ez income tax form You are an employee of the eligible educational institution. 1040ez income tax form You were an employee of the eligible educational institution, but you retired or left on disability. 1040ez income tax form You are a widow or widower of an individual who died while an employee of the eligible educational institution or who retired or left on disability. 1040ez income tax form You are the dependent child or spouse of an individual described in (1) through (3), above. 1040ez income tax form Child of deceased parents. 1040ez income tax form   For purposes of the qualified tuition reduction, a child is a dependent child if the child is under age 25 and both parents have died. 1040ez income tax form Child of divorced parents. 1040ez income tax form   For purposes of the qualified tuition reduction, a dependent child of divorced parents is treated as the dependent of both parents. 1040ez income tax form Graduate Education A tuition reduction you receive for graduate education is qualified, and therefore tax free, if both of the following requirements are met. 1040ez income tax form It is provided by an eligible educational institution. 1040ez income tax form You are a graduate student who performs teaching or research activities for the educational institution. 1040ez income tax form You must include in income any other tuition reductions for graduate education that you receive. 1040ez income tax form How To Report Any tuition reduction that is taxable should be included as wages in box 1 of your Form W-2. 1040ez income tax form Report the amount from Form W-2, box 1, on line 7 (Form 1040 or Form 1040A) or line 1 (Form 1040EZ). 1040ez income tax form Prev  Up  Next   Home   More Online Publications